I had the same opinion initially, but I did some testing to the machines I had available. You can see the benchmarks here : https://docs.google.com/document/d/114A7kl6BHqsZ0qPjG8B8IA_U...
I got my site ( https://hack.ernews.info ) up on a C2S machine in Scaleway, and I'm pretty satisfied with it so far as value/money
Except these are ARM cores not Intel: https://www.scaleway.com/faq/server/
These are virtual x86_64 servers, their non virtual ARM ones seem to be the C1x and C2x.
https://www.online.net/en/dedicated-server/dedibox-xc
1x Intel® C2750 (Avoton) with 8 cores.
Avoton cores are very weak compared to other cloud providers.